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General Motors board recommends selling Opel to Magna-led group

General Motors Co.'s board has decided to support selling a majority stake in Opel to a group led by Canadian auto parts giant Magna. The move caps weeks of high-stakes maneuvering on both sides of the Atlantic that saw nationalism, labor issues and--perhaps most critical to GM, the use of its technology--all come into play. Magna and Russian lender Sberbank will get a 55 percent interest in Opel, the linchpin of GM's European operations for 80 years, as well as its British sister brand Vauxhall.

Germany to tax foreign drivers

GERMANY plans to introduce a car toll that seeks to make money from the millions of foreigners who drive through the country every year, the transport minister said today. Germany has a truck toll but, unlike many European countries, no car toll. Alexander Dobrindt said it wasn't fair that foreign drivers do not contribute to maintaining the roads and that "fairness gap" should be closed.

Nissan takes on the London taxi

A NEW BLACK CAB is set to make an appearance on the streets of London with the arrival of the Nissan NV200 Taxi. The NV200 Taxi has been developed in London by Nissan and is now undergoing real-world trials in the capital. Nissan says the NV200 will make a more environmentally friendly cab on the city’s streets thanks to its 1.6-litre petrol engine.